Universal Beteiligungs und Servicegesellschaft mbH Invests $283,000 in IDT Corporation (NYSE:IDT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 5,525 shares of IDT Corporation, valued at approximately $283,000, during the first quarter.
• IDT Corporation reported a $0.87 EPS for the quarter, with a net margin of 7.85% and revenue of $301.98 million.
• The company has declared a quarterly dividend of $0.06 per share, representing an annualized dividend of $0.24 and a yield of 0.4%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in IDT Corporation (NYSE:IDT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,525 shares of the utilities provider's stock, valued at approximately $283,000.

A number of other large investors have also recently added to or reduced their stakes in IDT. Emmett Investment Management LP bought a new position in IDT in the 4th quarter valued at about $5,257,000. Deutsche Bank AG boosted its position in IDT by 32.4% during the 4th quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock worth $15,711,000 after buying an additional 80,817 shares during the period. Allspring Global Investments Holdings LLC boosted its position in IDT by 209.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 86,741 shares of the utilities provider's stock worth $4,451,000 after buying an additional 58,727 shares during the period. JPMorgan Chase & Co. boosted its position in IDT by 101.5% during the 4th quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock worth $5,351,000 after buying an additional 56,738 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of IDT by 55.3% in the 1st quarter. Cerity Partners LLC now owns 146,876 shares of the utilities provider's stock worth $7,536,000 after purchasing an additional 52,281 shares during the period. Institutional investors and hedge funds own 59.34% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of IDT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

IDT Stock Down 0.3%

IDT stock traded down $0.15 during midday trading on Tuesday, reaching $59.14. 139,999 shares of the company's stock traded hands, compared to its average volume of 189,117. IDT Corporation has a 52 week low of $34.48 and a 52 week high of $71.12. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 15.60 and a beta of 0.74. The firm's fifty day moving average price is $62.77 and its 200-day moving average price is $54.79.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share for the quarter. The company had revenue of $301.98 million for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%.

IDT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. IDT's dividend payout ratio (DPR) is presently 6.33%.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.